Sony VP mentioned an E3 announcement, but said a surprise may come in the next few months

After releasing the PlayStation 3 console just over six years ago, it looks like Sony is ready to launch its successor as early as this spring.

Hiroshi Sakamoto, Sony's vice president of home entertainment, recently gave some vague details about when we'll finally see the PlayStation 4 in an interview with Chilean site Emol. According to Sakamoto, the PS4 could make an appearance as early as May of this year.

However, Sony's VP was asked whether the new console could make an earlier entrance within the next few months.

"That's still a big secret, but our friends are preparing Sony PlayStation," said Sakamoto in the interview. "I can only say that we are focused on the E3 gaming event, scheduled for June. [An] announcement may be [made] in that minute or even earlier in May."

It is rumored that the PS 4 will have a custom chip based on AMD's A8-3850 with a quad-core 2.9GHz processor and a 1GHz graphics card with 1GB memory.

Don't be a slave to what other people are doing and you can save a lot of money. I waited nearly two years on both the Xbox 360 and PS3. I had a huge amount of games on older machine still waiting to be played and by the time I got the newer consoles they were in their second or third hardware revision and had substantial libraries of heavily discounted games.

There is no shame in having lesser funds for luxuries like gaming but spending beyond your means just because others are is something deserving of ridicule.